Perseus Mining (PRU.TO) on Thursday reported a year-over year decline in gold production in the fiscal third quarter.
Gold production was 107,144 ounces, down from 121,605 ounces. Gold poured was 109,382 ounces, also down from 122,915 ounces.
The company sold 96,260 ounces of gold, down from 117,585 ounces.
However, average sales price jumped to US$4,143/ounce from $2,462/ounce.
Production guidance for fiscal year 2026 remains unchanged at 400,000 to 440,000 ounces, the company said.
(Updates with details on the upsized private placement in the first and second paragraphs.)Astra Exploration (ASTR.V) upsized its bought-deal private placement announced earlier on Wednesday to $13 million from C$10 million.The company will now sell underwriters 16.9 million shares priced at $0.77 each instead of the original 13-million . Astra also increased the underwriters' over-allotment option. They can now buy up to an additional 2.6-million shares instead of 1.9 million shares, which could bring in up to C$2 million in additional proceeds.The company intends to use net proceeds from the offering for exploration and development of the La Manchuria project and for general corporate and working capital purposes, it said.
Trident Resources (ROCK.V) on Wednesday said received TSX Venture Exchange approval and closed its property option agreement with North-Sask. Ventures to acquire up to a 100% stake 19 mineral claims totaling 3,586 hectares in Sasktchewan's La Ronge Gold Belt.The claims host numerous base and precious metal showings that have seen only limited exploration and are contiguous with Trident's current land holdings, the company said.Trident's shares closed up $0.18 at $2.70 on TSXV on Wednesday.